The conventional story about Swedish wealth is a joke. In fact, wealth was primarily accumulated under a largely free market system between 1840 and 1970 or so.

The conventional story about Swedish wealth is a joke. In fact, wealth was primarily accumulated under a largely free market system between 1840 and 1970 or so. After that the welfare state started expanding in earnest and it has mostly been downhill from there, e.g. Sweden going from the fourth richest country to the fourteenth. http://meriksson.net/how-sweden-became-rich http://meriksson.net/how-sweden-became-rich